Sharp India Ltd - Audit Report / Information 2026

SHARP

SHARP INDIA LIMITED
Registered Office & Factory
Gat no. 686/4, Koregaon Bhima, Tal. Shirur
District, Pune Pin: 412 216.
Phones: (02137) 670000/01.
Website: www.sharpindialimited.com
Email ID: [email protected]
CIN: L36759MH1985PLC036759

14/05/2026

To,

Corporate Relationship Dept
BSE Limited
25th Floor, P. J. Towers, Dalal Street,
Fort, Mumbai 400001.

Company Script Code No.: 523449

Subject: Outcome of Board meeting held on 14th May, 2026.

Dear Madam/Sir,

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that Board of Directors, in its today's meeting held on Thursday, 14th May 2026 considered and approved the Audited Financial Results of the Company for the Quarter and Financial Year ended on 31st March 2026.

Accordingly in terms of regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith –

Statutory Auditor Report on the Audited financial Results for the quarter and year ended 31st March 2026.
Audited financial results for the quarter and year ended 31st March 2026.

Further, the report of M/s. G.D. Apte & Co, Statutory Auditors of the Company is with the unmodified opinion with respect to the Audited Financial Results for the financial year ended 31st March 2026.

The meeting of Board of Directors commenced at 10:45 A.M. and concluded at 11:20 A.M.

Kindly acknowledge receipt of the same.

Thanking you.

Yours Faithfully,

For SHARP INDIA LIMITED

CHANDRAIN
L SUDHIR
BELVALKAR

Digitally signed by
CHANDRAIN, SUDHIR
16/1/2026
Date: 2026.05.14
V1.22.02+05:50

Chandranil Belvalkar
Company Secretary
Membership No.- A24015
Encl: As above

G. D. Apte & Co.
Chartered Accountants

Independent Auditor's Report on audit of Quarterly and Annual Financial Results of Sharp India Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and disclosure Requirements) Regulations, 2015, as amended

The Board of Directors
Sharp India Limited

Opinion

We have audited the accompanying Financial Results of Sharp India Limited (the “company”) for the quarter and year ended on March 31, 2026 (the “Financial Results”) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us these financial results:

i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 (“the Act”) read with relevant rules issued thereunder and other accounting principles generally accepted in India of the net losses, other comprehensive income / loss and other financial information for the quarter and year ended March 31, 2026.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (‘ICAI’) together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the Financial Results.

Emphasis of Matter

A. We draw attention to note No. 4 to the audited financial results which states that there is no production activity since FY 2015-16, losses for the quarter and year ended March 31, 2026 and erosion in the net worth on account of accumulated losses. Basis the management’s reassessment of the financial position and performance of the company and uncertainty

Pune Office: GDA House, Plot No.85, Right Bhusari Colony, Paud Road, Kothrud, Pune – 411 038, Phone – 020 – 6680 7200, Email – [email protected]
Mumbai Office: Neelkanth Business Park, 5th Floor, Office No. D 509, Nathani Road, Vidya Vihar (west), Mumbai - 400086

G. D. Apte & Co.
Chartered Accountants

regarding the time required to identify and establish alternate revenue streams, the management has concluded that for the purpose of accounting and financial statements, it would be prudent not to consider the company as a Going Concern Entity presently.

As such the financial results from the quarter and half year ended September 30, 2025 onwards have been prepared under not going concern basis. The company has measured all the assets at lower of their estimated net realizable value and carrying amount and liabilities at their settlement amounts. Consequently, borrowings from the related parties have been reinstated at their settlement value resulting in additional charge of Rs. 216.87 Lakhs to the Statement of Profit & Loss for the quarter ended September 30, 2025 and year ended March 31, 2026; disclosed as an exceptional item with corresponding increase in the losses to that extent.

B. We draw attention to note No. 7 (a) to the audited financial results which states about the event after the balance sheet date in respect of proposed sale of entire shareholding in the company by Sharp Corporation, Japan (the holding company) pursuant to Share Purchase Agreement ("SPA") dated April 14, 2026 executed by the holding company after the balance sheet date and noting of said transaction by the Board of Directors of the company. Said transaction is subject to the fulfilment of conditions precedent, compliance with the terms of the SPA and receipt of all requisite statutory and regulatory approvals.

C. We draw attention to note No. 7 (b) & (C) to the audited financial results which states about events after the balance sheet date in respect of assignments of loans granted to the company by its holding company and fellow subsidiaries in favour of outside parties pursuant to the deeds of assignment executed by the respective lenders and noting of said transactions by the Board of Directors of the company. As on the date of the approval of the financial results, these assignment transactions are yet to become effective; pending completion of requisite contractual and regulatory formalities and accordingly, no accounting adjustments have been evaluated and carried out during the quarter and year ended March 31, 2026.

Our opinion on the financial results is not modified in respect of the above matters.

Management’s Responsibilities for the Financial Results

These quarterly and annual financial results have been prepared on the basis of the annual financial statements. The Company’s Board of Directors are responsible for the preparation and presentation of these financial results that give a true and fair view of the net loss, other comprehensive income / loss and other financial information of the company in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

G. D. Apte & Co.
Chartered Accountants

In preparing the financial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls;
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.

G. D. Apte & Co.
Chartered Accountants

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matters:

The figures for the last quarter of the current and previous financial year are the balancing figures between the annual audited figures in respect of the full financial years and the published year to date figures up to the end of third quarter of the current and previous financial year which were subjected to limited review by us.

Our opinion is not modified in respect of the above matter.

For, G.D. Apte & Co.
Chartered Accountants
Firm Registration Number: 100515W
UDIN: 26103483PGGXJ1463

S. B. Rashinkar
Partner
Membership Number: 103483
Place: Pune
Date: May 14, 2026

SHARP INDIA LIMITED
REGISTERED OFFICE: GAT NO. 586/4, RUSIGADH RHMA
TRUJRA - SHIRUR, DIST. FONE: 412 216
Phone No. 02137-670009/01, Website: www.sharpindialimited.com
CIN: L16759M01985PLC636759
Email Id: [email protected]
STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026

Sr. No.	Particulars	3 Months ended March 31, 2026	3 months ended December 31, 2025	Corresponding 3 months ended March 31, 2025	Year ended March,31, 2026	Year ended March,31, 2025
		(Refer Note B)	(Refer Note B)	(Refer Note B)	(Refer Note B)	(Refer Note B)
		Audited	Unaudited	Audited	Audited	Audited
I	Revenue from operations
II	Other income (net)	0.79	0.75	1.24	3.01	3.63
III	Total Income (I+II)	0.79	0.75	1.24	3.01	3.63
IV	Expenses
	a) Employee benefit expense	127.01	160.29	108.87	539.46	528.81
	b) Depreciation, amortisation and impairment expense	4.05	4.09	4.22	16.37	17.21
	c) Other expenses	67.61	61.74	49.05	256.35	281.50
	d) Finance costs	370.25	364.34	296.23	1,394.55	1,097.82
	Total expenses (IV)	569.82	590.46	458.37	2,206.03	1,932.34
V	Profit / (Loss) before Exceptional Items & tax (III-IV)	(569.03)	(589.71)	(457.13)	(2,203.02)	(1,928.71)
VI	Exceptional Items [Income / (expense)]
Provision towards re-instatement of borrowings at their settlement value (Refer Note No. 4)	-	-	-	(216.87)	-
VII	Profit / (Loss) Before Tax (V-VI)	(569.02)	(589.71)	(457.13)	(2,419.88)	(1,928.71)
VIII	Tax expense
	1) Current tax	-	-	-	-	-
	2) Deferred tax	-	-	-	-	-
IX	Profit / (Loss) for the period (VII-VIII)	(569.02)	(589.71)	(457.13)	(2,419.88)	(1,928.71)
X	Other comprehensive Income / (Loss)	-	-	-	-	-
XI	Total comprehensive Income / (Loss) (IX + X)	(569.03)	(589.71)	(457.13)	(2,419.88)	(1,928.71)
XII	Paid up equity share capital
(Face Value per share Rs 10/- each)	2,594.40	2,594.40	2,594.40	2,594.40	2,594.40
XIII	Loss per share (Rs.10/- each)
Basic and diluted (Not annualized)	(2.19)	(2.27)	(1.76)	(9.33)	(7.43)
	Two accompanying notes to the financial results

Notes:
1) The above financial results have been reviewed by the Audit Committee and have been approved by the Board of Directors at the meeting held on May 14, 2026.
2) These financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2011 and other recognized accounting practices and policies to the extent applicable.
3) The Company operates in only one segment i.e. 'consumer electronics'.

SHARP INDIA LIMITED
REGISTERED OFFICE: GAT NO. 68674, KOREGAGN EHIMA
TAUJKA - SHIRUR, DIST. PUNE - 413 316
Phone No. 02137-670000/23, Website: www.sherphofiallimited.com
URL: LR255000108545C036759
Email id: [email protected]
STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026

4) During the quarter and year ended on March 31, 2025, the Company incurred a loss of Rs. 569.03 Lakhs and 1,415.89 Lakhs respectively. The accumulated losses of the Company as at March 31, 2026 are Rs. 19,037.65 Lakhs resulting into erosion of Net Worth. There is no production of LED TVs from April, 2015 and of Air Conditioners since June, 2015 onwards in the absence of any orders. Despite the cessation of operations, the Company has continued to receive financial and operational support from Sharp Corporation, Japan. Its majority shareholder and holding company, Sharp Corporation has provided a letter of support, reaffirming its commitment to extend such support until the date on which the controlling stake and its entire shareholding in the company gets transferred to the new purchaser, namely Smart Services Private Limited in accordance with the Share Purchase Agreement (SPA) dated 14th April 2026.

The Management had reassessed the Company's financial position and performance in accordance with the applicable accounting standards. While efforts are being made to explore alternate revenue streams, there is uncertainty regarding the time required to successfully identify and establish such streams. As a result, Management has concluded that for the purpose of accounting and financial statements, it would be prudent to consider the Company as not going concern presently.

Therefore, the financial statements have been prepared on the basis of 'not going concern' from the quarter and half year ended September 30, 2025 onwards. The Company has measured all the assets at lower of their estimated net realisable value and carrying amount, and liabilities at their settlement amounts, in accordance with the applicable Accounting Standards. Therefore, with respect to reinstatement of borrowings from related parties, there is an additional charge amounting to Rs.216.87 Lakhs to the profit and loss account for the quarter and half year ended September 30, 2025 and year ended March 31, 2026. This additional charge has been disclosed under the exceptional items with corresponding increase in the current and accumulated losses.

The figures for the previous periods pertaining to the quarter and year ended March 31, 2025 included in the accompanying statement of financial results are not comparable with those of the current period, as the financial results of these previous periods were prepared on a 'going concern' basis, whereas the financial results of current period have been prepared on a 'not going concern' basis.

5) The Company had executed Memorandum of Settlement dated 1st August 2014 between the Company and Kalyani Sharp Employees Union u/s 2 (p) read with section 18 (1) of the Industrial Disputes Act, 1947 and under Rule 62 of the Industrial Disputes (Bombay) Rules, 1957. Said settlement was effective from 1.09.2012 up to 31.03.2016. Further as per clause 53 of said settlement, the settlement shall further continue to remain in force and binding thereafter, unless and until amended or superseded by any other subsequent settlement as per the provisions of the Industrial Disputes Act, 1947. Accordingly, the Company continues to pay the salaries and various allowances to the employees as per the terms of said Memorandum of Settlement.

6) The Government of India has consolidated multiple existing labour legislations into a unified framework comprising of four labour codes viz., The Code on Wages 2019, The Code on Social Security 2020, The Industrial Relations Code 2020, and The Occupational Safety, Health and Working Conditions Code 2020 (collectively referred to as the "New Labour Codes"). These codes have been made effective from November 21, 2025.

The Company has re-evaluated its employee benefit obligations based on the revised definition of Wages under the New Labour Codes and ascertained the incremental impact of these changes using the best information currently available, consistent with the guidance provided by the Institute of Chartered Accountants of India and recognized an amount of Rs. 24.82 Lakhs in the employee benefit expenses for the quarter, nine months ended December 31, 2025 and the year ended March 31, 2026.

The Government of India has through very recent notifications dated May 8, 2026, notified the rules for the aforementioned New Labour Codes. Considering the new labour codes and these related rules are evolving in nature and subject to further clarifications and implementation guidelines, the company will continue to evaluate the implications thereof and the impact, if any, shall be accounted for as and when the same becomes reasonably measurable and ascertainable.

7) Events after the Balance Sheet Date:

(a) Share Purchase Agreement:
Sharp Corporation, Japan (the "Holding Company") has, on 14 April 2026, entered into a Share Purchase Agreement ("SPA") with Smart Services Private Limited for the sale of its entire shareholding in Sharp India Limited (the "Company"), representing 75% of the paid-up equity share capital, for an aggregate consideration of ₹19.45 crore (the "Transaction"). The Transaction is subject to the fulfilment of conditions precedent, compliance with the terms of the SPA, and receipt of all requisite statutory and regulatory approvals.

The Board of Directors, at its meeting held on 14 April 2026, has taken note of the Transaction and the execution of the SPA.

(b) Assignment of External Commercial Borrowings by the Holding Company:
The Company had, in 2013, availed External Commercial Borrowings ("ECB") from the Holding Company of ₹15.84 crore at the time of drawdown. Pursuant to a deed of assignment dated 14 April 2026, the Holding Company has assigned the said ECB, together with all amounts outstanding thereunder, on an "as is where is" and "as is what is" basis, in favour of Unfounded Opportunities Fund (IPC, Cayman Islands).

The assignment shall take effect from the date on which the Holding Company ceases to exercise control over the Company pursuant to the SPA and upon completion of all requisite contractual and regulatory formalities.

The Board of Directors, at its meeting held on 14 April 2026, has taken note of the Transaction and the execution of the SPA.

SHARP INDIA LIMITED
REGISTERED OFFICE - GAT NO. 68674, KOREGACH KHINIA
TALUKA - SHIRUR, DIST. PUNE - 412 216
Phone No. 02132-630000/01, Website: www.sharphistalinited.com
CIN: L56752M012702112336752
Email: [email protected]
STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026

The Company has, in earlier years, availed borrowings from its fellow subsidiaries, namely Sharp Business Systems (India) Private Limited ("SBS") and Sharp Software Development India Private Limited ("SSDI"). Subsequent to 31 March 2026, the aggregate outstanding loans from SBSI and SSDI (together with amounts borrowed in April 2020) have been assigned by them, on an "as is where is" and "as is what is" basis, in favour of Kripa Anand Math Cellular Private Limited, Pune, pursuant to separate deeds of assignment dated 10 April 2020. The assignments shall take effect from the date on which the Holding Company ceases to exercise control over the Company pursuant to the SPA and upon completion of all requisite contractual and regulatory formalities.

The Board of Directors, at its meeting held on 14 April 2026, has taken note of the Transaction and the execution of the SPA.

As at the date of approval of these financial results and financial statements, the conditions precedent and the requisite contractual and regulatory formalities under the SPA have not been completed, the Transaction has not been consummated, and consequently the assignments referred to in (b) and (c) above have not become effective. The above events are non-adjusting events under Ind AS 10 — Events after the Reporting Period. Accordingly, no accounting adjustments have been evaluated and carried out during the quarter and year ended March 31, 2026.

d) The figures for the last quarter in each of the financial years are the balancing figures between audited figures in respect of the full financial years and the published year to date figures up to the end of the third quarter of the respective financial year which have been subjected to limited review by the statutory auditors.

e) Figures of the previous year/ period have been regrouped/rearranged wherever considered necessary to confirm the classification of the current period, which were not material.

Place: Niagara City, NY, USA
Date: May 14, 2026

Statement of Assets and Liabilities
Rs. In lakhs

| Particulars | As at
March 31, 2026 | As at
March 31, 2025 |
| --- | --- | --- |
| ASSETS | | |
| I. Non-current assets | - | - |
| Property, plant and equipment | 127.13 | 143.41 |
| Intangible assets | 0.20 | 0.31 |
| Financial assets | - | - |
| (i) Other Financial Assets | 5.67 | 5.58 |
| Deferred tax assets | - | - |
| Other non-current assets | - | - |
| Total non-current assets | 133.00 | 149.30 |
| II. Current assets | | |
| Inventories | - | - |
| Financial assets | - | - |
| (i) Trade receivables | - | - |
| (ii) Cash and cash equivalents | 97.78 | 68.33 |
| (iii) Other financial assets | - | - |
| Other current assets | 56.08 | 61.69 |
| Current tax (net) | 0.33 | 0.24 |
| Total current assets | 154.19 | 130.26 |
| Total assets | 287.19 | 279.56 |
| EQUITY AND LIABILITIES | | |
| EQUITY | | |
| Equity share capital | 2,594.40 | 2,594.40 |
| Other equity | (16,722.88) | (14,104.97) |
| Total equity | (14,128.46) | (11,790.57) |
| LIABILITIES | | |
| i. Non-current liabilities | - | - |
| Financial liabilities | - | - |
| (i) Borrowings | - | - |
| (ii) Other financial liabilities | - | - |
| Provisions | - | - |
| Total non-current liabilities | - | - |
| II. Current liabilities | | |
| Financial liabilities | - | - |
| (i) Borrowings | 14,125.64 | 11,816.90 |
| (ii) Trade payables | - | - |
| Total outstanding dues of micro enterprises and small enterprises; and | - | - |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 28.52 | 26.68 |
| (iii) Other financial liabilities | 71.56 | 45.62 |
| Provisions | 100.69 | 102.15 |
| Other current liabilities | 89.26 | 78.78 |
| Current tax liabilities (net) | - | - |
| Total current liabilities | 14,415.67 | 12,070.13 |
| Total liabilities | 14,415.67 | 12,070.13 |
| Total equity and liabilities | 287.19 | 279.56 |

For and on behalf of the Board of Directors of Sharp India Limited

Maharand Date
Managing Director
DIN: 08363458

Abeegwat

Abbijert Bhagwat
Audit Committee Chairman
DIN: 01981922

Place: Niagara City, NY, USA
Date: May 14, 2026

Place: Pune
Date: May 14, 2026

Jadeep A Paloule
Chief Financial Officer
Membership No 17208

Place: Pune
Date: May 14, 2026

Chandranil Bolvalkar
Company Secretary
Membership No A 24015

Place: Pune
Date: May 14, 2026

Statement of Cash Flows
| Particulars | For the Year ended March 31, 2026 | For the Year ended March 31, 2025 |
| --- | --- | --- |
| Cash flow from operating activities | | |
| Profit / (Loss) before tax | (2,419.89) | (1,928.71) |
| Adjustments for: | | |
| Depreciation and amortization expense | 16.37 | 17.21 |
| Liabilities no longer required written back | - | (0.20) |
| Provisions no longer required written back | - | (0.14) |
| Interest income classified as investing cash flows | (3.81) | (2.87) |
| Gain on disposal of property, plant and equipment | - | - |
| Finance costs | 1,394.58 | 1,097.82 |
| Non-cash expense - Provision for GST ITC | 26.59 | 41.83 |
| Loss on asset discarded | 0.02 | - |
| Exceptional Item - Provision towards re-instatement of borrowings at their settlement value | 216.87 | - |
| Changes in operating assets and liabilities | | |
| (Increase)/decrease in other financial assets | (0.09) | - |
| (Increase)/decrease in other current and non-current assets | (30.98) | (71.61) |
| (Increase)/ decrease in trade receivables | - | - |
| Increase/ (decrease) in trade payables | 1.84 | (14.68) |
| Increase/(decrease) in other financial liabilities (Current) | 25.94 | (6.18) |
| Increase/(decrease) in other current liabilities | 10.48 | (14.08) |
| Increase/(decrease) in provisions | (1.46) | 2.83 |
| Cash used in operations | (753.54) | (878.78) |
| Income tax (paid)/refund received | (0.09) | (0.75) |
| Net cash outflow from operating activities (A) | (753.63) | (879.03) |
| Cash flow from investing activities | | |
| Proceeds from sale of property, plant and equipment | - | - |
| Payments for property, plant and equipment | - | (2.08) |
| Interest received | 3.81 | 2.87 |
| Net cash inflow from investing activities (B) | 3.81 | 0.79 |
| Cash flow from financing activities | | |
| Interest paid on borrowings | (1,310.73) | (1,075.06) |
| Other interest paid | - | - |
| Proceeds from borrowings | 2,099.00 | 1,860.00 |
| Repayment of borrowings | - | - |
| Net cash inflow from financing activities (C) | 779.27 | 784.94 |
| Net Increase/ (decrease) in cash and cash equivalents (A+B+C) | 29.45 | (93.30) |
| Cash and cash equivalents at the beginning of the financial year | 68.33 | 161.63 |
| Cash and cash equivalents at the end of the year | 97.78 | 68.33 |
| Components of cash and cash equivalents: | | |
| --- | --- | --- |
| Balances with banks | | |
| In current accounts | 64.70 | 19.21 |
| In Term deposits with banks having maturity less than 3 months | 33.08 | 49.12 |
| Cash on hand | - | 0 |
| Total cash and cash equivalents | 97.78 | 68.33 |

The above cashflow statement have been prepared under the indirect method as set out in the Indian Accounting Standard Ind AS 7- 'Statement of Cash Flow' as specified in the Companies (Indian Accounting Standards) Rules, 2015.
All figures in bracket indicate cash outflow.
For and on behalf of the Board of Directors of Sharp India Limited

Mahgrand Date
Managing Director
DIN: 01963456

Place: Ningara City, NY, USA
Date: May 14, 2026

Abhigeet Bhagwat
Audit Committee Chairman
DIN: 01961922

Place: Pune
Date: May 14, 2026

Jadeep A Paisule
Chief Financial Officer
Membership No: 17208

Place: Pune
Date: May 14, 2026

Chandrand Belvalkar
Company Secretary
Membership No A 24015

Place: Pune
Date: May 14, 2026

SRIBHAPUR

SHARP

SHARP INDIA LIMITED
Registered Office & Factory
Gat.no. 686/4, Koregaon Bhima, Tal. Shirur
District, Pune Pin: 412 216.
Phones : (02137) 670000/01.
Website: www.sharpindialimited.com
Email ID: [email protected]
CIN : L36759MH1985PLC036759

14/05/2026

To,

Corporate Relationship Dept,
BSE Limited
25th Floor, P J Towers, Dalal Street,
Mumbai 400001

Company Scrip Code: 523449

Sub: Declaration pursuant to Regulation 33 (3) (d) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('SEBI Listing Regulations')

Dear Sir,

Pursuant to Regulation 33 (3) (d) of SEBI Listing Regulations, we confirm that the Statutory Auditors of the Company have issued the Audit Reports with unmodified opinion on the Audited Financial Results of the Company for the year ended March 31, 2026.

This declaration is submitted for your kind information and record please.

Thank you.

For Sharp India Limited

Jaideep Palsule
Chief Financial Officer

AI assistant

Sharp India Ltd Audit Report / Information 2026

60665_rns_2026-05-14_6d4e4a3f-1f5f-4b35-8324-29e150e62698.pdf

Opinion

Basis for Opinion

Emphasis of Matter

Management’s Responsibilities for the Financial Results

Auditor's Responsibilities for the Audit of the Financial Results

Other Matters:

AI assistant

Sharp India Ltd — Audit Report / Information 2026

60665_rns_2026-05-14_6d4e4a3f-1f5f-4b35-8324-29e150e62698.pdf

Opinion

Basis for Opinion

Emphasis of Matter

Management’s Responsibilities for the Financial Results

Auditor's Responsibilities for the Audit of the Financial Results

Other Matters:

More from Sharp India Ltd

Sharp India Ltd Audit Report / Information 2026